Secret or anonymously-owned companies pose a number of risks to shareholders - both financial and non-financial. This is primarily due to the difficulty in identifying the actual (“beneficial”) owners. Eryn Schornick (Global Witness) joins the PRI’s Olivia Mooney to discuss the issue, as well as the tools available to investors (also detailed in their new report, Chancing It).
By Fiona Reynolds, CEO, the PRI
By Toby Belsom, Director of Investment Practices, the PRI
Investors want to know their portfolio companies are paying taxes in line with their business activities, as aggressive tax planning costs governments billions of dollars of revenue, and creates market distortions in both developed and developing countries.
A recent study by Accenture found that the global average cost of cyber crime has risen from $7.2 million in 2013 to $11.7 million in 2017. Businesses are under pressure to strengthen their cyber security capabilities and be more effective in managing cyber incidents.
Wolf Kirsten (Global Centre for Healthy Workplaces) joins the PRI’s Bettina Reinboth to discuss the role investors can play to promote workplace health and well-being. They explore the relationship between corporate good practices in promoting health and well-being and financial performance, and the indicators investors can use to assess companies’ ...
4. Does the company identify a named person at senior management or executive committee level with overall responsibility for information management and cyber security? 5. Is the board or board committee responsible for cyber security issues?